About Federal Bank Car loan in Ghaziabad

Federal Bank is a leading commercial private sector bank in India that was founded in the year 1931 and has its main head office in Aluva, Kochi in Kerala. The bank was incorporated at a time when India was striving hard to gain independence from british rule. It was earlier known by the name Travancore Bank and in the year 1947, when India got its independence, the bank was renamed as Federal Bank Limited. Since then, the bank has emerged out as a leader and one of few stable financial institutions in the country. The bank is serving the country with more than 1000 branches and ATMs. Federal Bank has centred all its attention towards meeting the needs of the customers and making sure it even exceeds their expectations. It offers the customer a wide variety of products and services that are able to meet the requirements. Federal bank has been able to achieve many milestones in its entire journey in the banking world. It captured the Economic Times Best Corporate Brand award in 2016 and Skoch Smart Technology Award in 2015 for FedBook Selfie. Innovation has always been a major motto of the bank. It introduced Virtual Accounting System (VAS) in India and FedBook- a mobile based electronic passbook. The bank provided electronic telephone bill payment for the first time in India.

Ghaziabad is one of the important cities which is part of the National Capital Region (NCR). It is called as the gateway to Uttar Pradesh because of its proximity to New Delhi when entering the state. The city is a major industrial, educational and commercial centre in Western part of Uttar Pradesh. It is flourishing as an upcoming real estate hub in the country. Federal bank has established three branches in the city so that the financial needs are met on time.

Buying a car is a dream of many people. However, finance sometimes acts as a big hurdle and forces us to let go of our dreams. This is where a car loan comes into play. It is one of the most sought after products by loan seekers. Federal bank provides a car loan to interested applicants at good interest rates if they are able to meet the eligibility criteria and submit documents on time.

Federal Bank Car loan in Ghaziabad at a glance

Particular

Details

Interest rate

9.15% - 9.45%

Loan amount

Will depend on the bank’s norm

Tenure

New cars: 7 years (for salaried)

Pre-owned cars: 5 years

Processing fee

As per the bank’s norm

Pre-payment charge

As per the bank’s norm

Eligibility criteria

Residents individuals and big corporates are eligible to apply for a Federal Bank car loan in Ghaziabad

The applicant needs to take home at least ₹ 7,500 after meeting all the EMI commitments. You should note that this also includes the proposed EMI for the car loan he/she will take

Documents required

Two photographs of passport size of both the applicant and the co obligant

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